Why the Ryan budget is best.

re:

by rigel1

Apr. 19, 2012 7:48 pm

Because it is a budget. It's the ONLY budget we have. For over 1000 days the democrats in the senate have ignored their legal obligation to produce a budget. In other words they have broken the law. Why are they afraid to do their jobs? At least have the guts to put something out there. No wonder Obama has run up more debt than all of the other presidents combined. What would your finances look like if you decided not to have a budget? Just buy whatever you want whenever you want it and worry about the consequences later. No budget, no money, no problem. And they want us to send them more money when they refuse to budget our money? Not another dime. Disgraceful.

Comments

re: Why the Ryan budget is best.

by Wesg

Apr. 19, 2012 10:28 pm

How would your finances look if you bought a home and after you moved in, found out that the former owner had put on a new roof, new plumbing, new kitchen, new bathrooms and hadn't paid for them? Now, since you're the homeowner, you better pay up. Then to make matters worse, your wife finds out that you're on the hook for half a million bucks that you didn't spend and she dumps you telling everyone you know that you ran up half a million bucks in debt?

re: Why the Ryan budget is best.

by Phaedrus76

Apr. 20, 2012 6:41 am

So the Peoples' Budget from the Progressive Caucus doesn't exist? Now I understand how libertarians operate. Reality and the truth are whatever a libertarian says and any facts that interfere with it are ignored.

Oh, and of course the President has proposed a budget.

And there is the budget deal that the teabaggers forced through last year, that already cut the govt spending. But since for a teabagging libertarian, any agreement they make is good only until they think everyone has forgotten that they made a deal, voted on it, and it was signed into law.

re: Why the Ryan budget is best.

by douglaslee

Apr. 20, 2012 7:18 am

The budget passed is actually of a higher degree of certitude than traditional mark-up, out of committee legislation. The budget in position is a law signed by the president, not an operational guideline, or fudge job that republicans use. Again, a law is higher than budget fraud aka resolution in beltway speak. A Law is greater than a resolution, do you understand that yet? Republicans lie, do you understand that? The law certifies 2.2 trillion in deficit reduction, the ryan/romney welfare to the rich increases the deficit. The law cuts military budget to the amount the joint chiefs, generals, and admirals say is needed, ryan says they don't know and gives more taxpayer money than they want, or need, but a law trumps a resolution. Did I make that clear?

re: Why the Ryan budget is best.

by pshakkottai

Apr. 20, 2012 7:59 pm

Budgets are always in balance because (Federal Deficits = Net Private Savings+ net imports), applies to USA and other nations that have their own currencies. What the mainstream talks about is a particular type of balance where the above equation means (0 = x- x), in other words only private sector balances net imports. In practice this means (0 = 0+0 ). No deficits means no growth! Personal debt and govt debt have opposite meanings!

Federal deficits and only federal deficits grow the economy(mostly the private sector) and this is the reason why the 1% talk always about "unsustainable federal debts".

You have to more than double the debt from when you took over in order to have more debt than everyone combined. He took over the debt was over 10 trillion. You left out "up to G.Bush 41". Guess what GW ran up more than all previous presidents combined, not Obama. Yet.

Thanks to you and a lot of research I understand that. I'm not neccesarilly opposed to a certain gluttonous part of the private sector losing 2.2 trillion in wealth. I would rather see it partitioned in a more fair way than just taken away.

re: Why the Ryan budget is best.

Yes, the Ryan budget is disasterous. And yes the Democratic leadership has neglected its duties to come up with a budget since they regained control of Congress in 2006.

But Obama did not 'run up' debt. The federal deficit is a reaction to the economy, not a cause of it. There was a surplus under Clinton not because he or congress created it but because the economy was smoking. Unfortunately it was running on borrowed fuel. As the fed deficit came down, private debt increased. (gov't surplus = private debt, gov't debt = private surplus) Now that people are not spending so much money, either through saving it or paying back their own debt, the fed deficit is increasing. The deficit responds to the economy, it does not control it. Whether it is Ryan or the Democrats, both sides are trying to cure the fever by adjusting the thermometer. It will not work.

Meanwhile, as we argue over cutting taxes and reducing spending, or raising taxes and increasing spending, both of which cancel themselves out, having no effect on the economy on the whole, the money in our economy is disappearing into the bankers pockets rather than the gov't's.

re: Why the Ryan budget is best.

by olenzekm

Apr. 22, 2012 6:22 am

It is also the Worst! By your logic one could use any superlative.

I agree that the not offering a budget by the Dems is an act of cowardice. They have made the political decision that if they did offer the budget that we really need, the People would not like it. That is because the People need some tough love and the Dems don't want to give it.

The Repubs don’t mind providing a crazy budget tilted strongly to the Rich because that is their constituency. The Repubs are taking a lot of heat for that budget. If the Repubs loose in the coming election cycle, the Ryan budget will be a major cause.

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